Ventive Hospitality Limited · NSE:VENTIVE
Ventive Hospitality — Q2 FY27 Earnings Presentation
43 slides from Ventive Hospitality's earnings presentation, Nov 2, 2026
Slide 1: Regulation 30 intimation of investor presentation
November 02, 2026 To, To, BSE Limited National Stock Exchange of India Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai -400051 Scrip Code: 544321 NSE Symbol: VENTIV
Slide 2: Q2 FY27 Earnings Update
Q2 FY27 Earnings Update 02 NOVEMBER 2026 JW Marriott Pune © 2026 Ventive, All Rights Reserved
Slide 3: Disclaimer
Disclaimer Certain statements in this release concerning our prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertainties i
Slide 4: Table of Contents
1 Financial Highlights 04 2 Company Overview 13 Table of Contents 3 Industry Outlook 19 4 Pipeline and Acquisitions 26 5 ESG, Partnerships and Annexures 30 3
Slide 5: Financial Highlights
Financial Highlights AMPERS&ND, RAAYA by Atmosphere Maldives © 2026 Ventive, All Rights Reserved
Slide 6: Q2 FY27 Quarter in Brief
Q2 FY27 Quarter in Brief Double-digit operating revenue and EBITDA growth in a soft quarter OPERATING MOMENTUM 01 INDIA HOSPITALITY Rate and occupancy led growth ▲ 15% Operating Revenue grew 13% driven ADR ₹12,629 (+11%) and occupancy 68% (+2pp); India India RevPAR YoY ₹8,606 by strong Hospitality R
Slide 7: Q2 FY27 Financial Highlights
Q2 FY27 Financial Highlights Operating revenue and EBITDA display double digit growth; PAT declined on higher D&A Operating Revenue (₹ Mn) Operating EBITDA (₹ Mn) PAT (₹ Mn) ▲ +13% ▲ +11% ▼ -47% Q2FY27 5,511 Q2FY27 2,107 Q2FY27 337 Q2FY26 4,893 Q2FY26 1,896 Q2FY26 642 Revenue grew 13%, led by hospit
Slide 8: H1 FY27 Financial Highlights
H1 FY27 Financial Highlights India hospitality and annuity grew EBITDA; lower other income and Maldives Q1 diesel shocks led to slower EBITDA growth Operating Revenue (₹ Mn) Operating EBITDA (₹ Mn) PAT (₹ Mn) ▲ +10% ▲ +2% ▲ +55% H1FY27 10,939 H1FY27 4,037 H1FY27 1,579 H1FY26 9,968 H1FY26 3,974 H1FY2
Slide 9: Segment Performance: Q2 FY27
Segment Performance: Q2 FY27 All growth rates YoY International Metric India Hospitality Total Hospitality Annuity Total Hospitality Revenue (₹ Mn) 2,091 2,134 4,225 1,307 5,823 ▲ +10%* ▲ +20% ▲ +14%** ▲ +5% ▲ +5% EBITDA (₹ Mn) 827 302 1,129 1,173 2,418*** ▲ +5%* ▲ +22% ▲ +9%** ▲ +5% ▼ -5 EBITDA Mar
Slide 10: Segment Performance: H1 FY27
Segment Performance: H1 FY27 All growth rates YoY International Metric India Hospitality Total Hospitality Annuity Total Hospitality Revenue (₹ Mn) 4,116 4,309 8,425 2,588 11,366 ▲ +11%* ▲ +12% ▲ +11%** ▲ +4% ▲ +6% EBITDA (₹ Mn) 1,563 626 2,190 2,286 4,464*** ▲ +10%* ▼ -13% ▲ +2%** ▲ +3% ▼ -6% EBITD
Slide 11: Q2 FY27 Revenue Breakup
Q2 FY27 Revenue Breakup All growth rates YoY India and International hospitality Hospitality Revenue Breakup (₹Mn) ▲ +10% 201 241 ▲ +19% 10% 11% ▲ +8% 733 920 ▲ +17% 35% 43% ▲ +10% 1,157 972 ▲ +22% 55% 46% India International Room F&B Others % Contribution % 10
Slide 12: H1 FY27 Revenue Breakup
H1 FY27 Revenue Breakup All growth rates YoY India and International hospitality Hospitality Revenue Breakup (₹Mn) ▲ +16% 396 467 ▲ +10% 9% 11% ▲ +8% 1,472 1,776 ▲ +10% 36% 41% ▲ +13% 2,248 2,065 ▲ +13% 55% 48% India International Room F&B Others % Contribution % 11
Slide 13: Debt Position
Debt Position Total Gross Debt 35,727 (₹Mn) 23,660 19,994 September June 30, 30, 2026 2026 Consolidated Gross Debt 23,660 20,945 Cash & Cash Equivalent 5,073 5,803 USD Debt $171M $81M $81M ($/₹Mn) 14,638 7,668 7,780 Consolidated Net Debt 18,587 15,142 Loan-to-Value 0.2x 0.1x Interest rate % 9.5% 6.2
Slide 14: Company Overview
Company Overview Aasmana, The Ritz-Carlton Pune © 2026 Ventive, All Rights Reserved
Slide 15: India's Largest Luxury Focused Hospitality Platform
India’s Largest Luxury Focused Hospitality Platform Raaya by Atmosphere, Maldives Marriott Suites Pune Anantara Dhigu Maldives Resort Hilton Goa Resort The Ritz-Carlton Pune Conrad Maldives Rangali Island JW Marriott Pune 3 14 80% 2,199 ₹ 15,577 ₹ 45,040 3.4 Msf 98% Countries Hotels Luxury focus Key
Slide 16: Portfolio Structured To Deliver Holistic Growth
Portfolio Structured To Deliver Holistic Growth Pune Total Keys: India Hospitality 1,684 The Ritz-Carlton Pune 198 Integrated Commercial & Retail Assets Feed the Hotel Business and • • Marriott Suites Pune 200 Generate Steady Annuity Income Total Keys: 515 • JW Marriott Pune 415 International • Oakw
Slide 17: Value Proposition
Value Proposition Strong cashflow Annuity backbone that generation (~₹ 8,000 provides steady Mn in FY26) every year cashflows to tackle to fund development cyclicity of the and acquisitions hospitality business Active asset management with Trophy assets with 6 consistent growth in global operators a
Slide 18: A Portfolio Recognized On The Global Stage
A Portfolio Recognized On The Global Stage 17
Slide 19: MICHELIN Keys | Recognised Among India's Finest Stays
MICHELIN Keys | Recognised Among India's Finest Stays Two portfolio hotels in the MICHELIN Guide 2026 Hotel Selection The Ritz-Carlton Pune Soho House Mumbai The Ritz-Carlton, Pune Soho House Mumbai Pune · 198 keys Juhu, Mumbai · 38 keys First MICHELIN Key for the hotel; one of two Key hotels in Pun
Slide 20: Industry Outlook
Industry Outlook The Living Room, Naladhu Private Island Maldives © 2026 Ventive, All Rights Reserved
Slide 21: Pune: India's Fastest-Growing GCC Hub
Pune: India’s Fastest-Growing GCC Hub Structural demand tailwinds for premium hospitality driven by 500+ GCCs 500+ #1 ~9% 700–750 GCCs in Pune (FY26) Ease of Living India GCC count CAGR GCCs forecast by – 14% of India’s total 2025 FY19–25 2030 at 9% CAGR INFRASTRUCTURE & CONNECTIVITY GCC GROWTH + PO
Slide 22: Pune Office Growth Translating Into Luxury Hotel Demand
Pune Office Growth GCC Absorption Translating Into Luxury Hotel Demand Grade-A Office Stock (Msf) GCC share of Grade-A leasing Pune Hotel Market 140 +43% 98 65% 69% Luxury/ Upper-Upscale Occupancy +10pp ~₹11k Luxury / Upper-Upscale ADR 55% No luxury hotel pipeline and only modest upper-upscale addit
Slide 23: Maldives Market Context
Maldives Market Context Maldives Tourist Arrivals (Mn) & Occupancy (%) Tourist arrivals, Mn Occupancy +8% CAGR 2.2 (E) +3.4 pp 65.0%* 61.6% 1.6 2022 2026 2022 2026 Maldives arrivals for AprIL-Sept’26 was ~950K (-5%YoY). Source: Ministry of Tourism, Maldives; STR / CoStar. *2026 occupancy is TTM occu
Slide 24: Maldives Value Proposition
Maldives Value Proposition The world’s premier HNI leisure destination — the only island market pairing ultra-premium resort yields with global connectivity and scale. Where Maldives sits vs. island peers The world’s #1 destination for HNI leisure Bora Bora World’s Leading Destination — 6 years runn
Slide 25: West Asia War – Impact On Fuel Costs In Maldives
West Asia War – Impact On Fuel Costs In Maldives Impact Diesel costs trend $1.5-1.7 >2x Diesel cost/L at peak war vs pre-war levels -31% + ₹ 300 Mn >80% Increase in H1 fuel and of FY26 fuel cost ancillary costs incurred in H1 +100% Mitigation Measures +5 MW ~2 Mn L Maldives Solar capacity addition A
Slide 26: Future of Hospitality
Future of Hospitality WELLNESS LEISURE LIFESTYLE $10tn by 2029 12% travel spend CAGR 40% of hotel income Global wellness economy, from In India by 2040 - outbound leisure spend is From F&B, events and co-working in $6.8tn — ~4x global pharma industry increasingly staying domestic lifestyle-led hotel
Slide 27: Pipeline and Acquisitions
Pipeline and Acquisitions RAAYA by Atmosphere Maldives © 2026 Ventive, All Rights Reserved
Slide 28: Development + Acquisition Strategy
Development + Acquisition Strategy Has driven 2x growth over last 5 years 1,800+ 4,000+ Vision: To repeat this growth over the next 5 years 59 2,199 104 167 191 166 546 200 415 115 NO. OF KEYS 151 83 2007 2009 2010 2013 2016 2019 2021 2023 2024 2025 2026 Current Pipeline Total Keys Portfolio New Dev
Slide 29: Expanding Footprint Across India & Sri Lanka
Expanding Footprint Across India & Sri Lanka 1,500+ keys under development OWNED ROFO AC by Marriott, Ritz-Carlton Reserve, Varanasi Marriott JW Marriott, Moxy, Pune Whitefield Pottuvil Hotel Navi Mumbai Wakad 166 + 33 New keys 73 Keys 161 Keys 450 Keys 264 Keys Bengaluru, India Pottuvil, Sri Lanka
Slide 30: Development Update | Bengaluru & Varanasi
Development Update | Bengaluru & Varanasi Mock-up Room Construction Site Mock-up Room Construction Site AC by Marriott, Whitefield Varanasi Marriott Hotel Bengaluru, India Varanasi, India Floor-wise MEP in Room fit-outs 166 + 33 Q1FY28 progress 161 Q3FY28 underway Redeveloped + New Keys Expected Ope
Slide 31: ESG, Partnerships and Annexures
ESG, Partnerships and Annexures Anantara Dhigu Maldives Resort © 2026 Ventive, All Rights Reserved
Slide 32: ESG Dashboard
ESG Dashboard CLIMATE & ENERGY MARINE CONSERVATION CERTIFICATIONS PEOPLE & GOVERNANCE 49% 13 10 of 18 19% FY26 Renewable electricity share 3D-printed clay reef structures Properties ISO 14001 certified Women in workforce installed at Anantara Dhigu with rrreefs Up ~2pp YoY Rrreefs’ first direct reso
Slide 33: Strategic Alliances With Top Tier Brands
Strategic Alliances With Top Tier Brands Strong Sales & High Repeat Operational Distribution Business* Excellence Digital strategies for deeper Loyalty platforms powered Enhanced productivity through customer relationships by cutting edge technology streamlined processes Global, regional and Bonvoy:
Slide 34: New F&B Outlet: YA:LA at The Ritz-Carlton Pune
New F&B Outlet: YA:LA at The Ritz-Carlton Pune A Levantine social dining concept that adds a new F&B revenue stream at The Ritz-Carlton Pune ~₹1.5 Cr 100+ A destination restaurant drawing hotel guests and local diners, growing Estimated monthly revenue Covers revenue beyond room nights 33
Slide 35: MICE & Events
MICE & Events Marquee events hosted across the portfolio in Q2FY27; ~7% revenue contribution at JW and Ritz TECHNOLOGY GOVERNMENT MEDICAL NXP Tech Days Pune 2026 12th BRICS Communications IDEC 2026 — International Diabetes The Ritz-Carlton, Pune · 16-17 Jul 2026 Ministers Meeting Experts Consortium
Slide 36: Ventive Management
Ventive Management Ranjit Batra Paresh Bafna Pradip Bhatambrekar Amit Sachdeva Chief Executive Officer Chief Financial Officer Compliance Officer & Head of Operations Company Secretary Santosh Kolekar Zarina Chinoy Mayur Tiwari Percy Muncherji Head of Construction General Counsel AVP - Food & Bevera
Slide 37: Board of Directors
Board of Directors Atul I. Chordia Asheesh Mohta Nipun Sahni Bharat Khanna Punita Kumar- Thilan Manjith Sinha Wijesinghe Chairman & Executive Director Non-Executive Director Non-Executive Director Independent Director Independent Director Independent Director Founder of Senior Managing Advisor at Ap
Slide 38: Investor Call Details
Investor Call Details Management Representatives 3rd November 2026 15:30 HRS IST Mr. Ranjit Batra Registration Link Chief Executive Officer Mr. Paresh Bafna Chief Financial Officer Access Numbers Universal Dial-in International Toll Free +91 22 6280 1519 Hong Kong 800 964 448 +91 22 7115 8382 Singap
Slide 39: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Proforma CHANGE CHANGE Q2FY27 Q2FY26 FY26 FY25 YoY YoY Revenue from Operations 5,511 4,893 13% 24,611 20,784 18% Other Income 311 652 -52% 2,050 811 153% Total Income (A) 5,823 5,545 5% 26,661 21,595 23% Total Expenditure (B) 3,405 2,997 14% 13,674 11,471 19% E
Slide 40: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Proforma CHANGE CHANGE H1FY27 H1FY26 FY26 FY25 YoY YoY Revenue from Operations 10,939 9,968 10% 24,611 20,784 18% Other Income 427 776 -45% 2,050 811 153% Total Income (A) 11,366 10,744 6% 26,661 21,595 23% Total Expenditure (B) 6,902 5,994 15% 13,674 11,471 19
Slide 41: Operating EBITDA Reconciliation
Operating EBITDA Reconciliation Consolidated ₹ Mn Q U AR TE R H AL F Y E AR CHANGE CHANGE Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Revenue from Operations (A) 5,511 4,893 13% 10,939 9,968 10% Total Expenses (B) 3,405 2,997 14% 6,902 5,994 15% Operating EBITDA (C = A − B) 2,107 1,896 11% 4,037 3,974 2% Op
Slide 42: Notes & Definitions
Notes & Definitions All figures in this presentation are as of September 30, 2026, unless otherwise Term Definition specified Q2 Quarter ending September 2026 FY26 12 months ending March 2026 Some of the figures in this Presentation have been rounded off to the nearest decimal for FY27 12 months end
Slide 43: Thank You
Thank You Investor Relations Contact Aishwarya VR Shoaib Shariff Email: [email protected] Conrad Maldives Rangali Island © 2026 Ventive, All Rights Reserved